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The commission requires payment to complete its report, a mere
$10,000,000.00. That report would shine light upon what went wrong
in the 1990’s that caused so many Jamaican owned financial institutions to
collapse, and what caused so many business owners and ordinary
Jamaicans to become bankrupt and disillusioned in taking up any
entrepreneurial activities that might involve debt financing.
Take for instance, one Mrs Vera Donaldson, a retired senior citizen, who
borrowed $1,000,000.00 in December 1993 and ended up owing
$111,263,933.34 in April 2008.
Her house was sold, and she has lost everything. She is now weak, destitute
and a broken woman, who searches for the answer as to how she comes to
be owing in excess of $111,000,000.00.
Her story is not unique. She is among thousands of Jamaicans who lost their
business, life, and hope, because of poor government policy.
The answers she seeks can only come from the report of the FINSAC
Commission of Enquiry. She, like so many other FINSAC victims have given
testimony before the commission and as citizens they are entitled to the
answers from the government.
This government, if it is a just government must ensure that the
government economic policies that led to the creation of FINSAC should
never be repeated again, and this nation therefore needs that report to
protect our future entrepreneurs and ordinary citizens.
The precedent has been adequately established by the government in
providing resources to the West Kingston Commission of Inquiry for pre-
inquiry costs, cost of hearings and report writing.